Wal-Mart Stores Inc (WMT) Given “Outperform” Rating at Telsey Advisory Group
Wal-Mart Stores Inc (NYSE:WMT)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday. They presently have a $84.00 price target on the retailer’s stock, up from their previous price target of $82.00. Telsey Advisory Group’s price target points to a potential upside of 6.64% from the company’s current price.
Other analysts have also recently issued reports about the company. Susquehanna Bancshares Inc assumed coverage on Wal-Mart Stores in a research report on Friday, February 10th. They issued a “positive” rating and a $80.00 target price for the company. MKM Partners set a $72.00 target price on Wal-Mart Stores and gave the company a “hold” rating in a research report on Saturday, February 18th. Pacific Crest cut Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Goldman Sachs Group Inc reissued a “neutral” rating and issued a $74.00 target price on shares of Wal-Mart Stores in a research report on Friday, May 5th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.54.
Shares of Wal-Mart Stores (NYSE:WMT) traded up 1.59% during midday trading on Friday, reaching $78.77. The company’s stock had a trading volume of 18,581,717 shares. The company has a market cap of $239.07 billion, a P/E ratio of 17.89 and a beta of 0.09. The stock’s 50-day moving average price is $74.73 and its 200-day moving average price is $70.88. Wal-Mart Stores has a 12-month low of $65.28 and a 12-month high of $79.44.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. On average, analysts expect that Wal-Mart Stores will post $4.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s dividend payout ratio (DPR) is presently 43.48%.
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In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 3,667,343 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $71.99, for a total transaction of $264,012,022.57. Following the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $756,408,072.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Jim C. Walton sold 4,375,337 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $71.79, for a total value of $314,105,443.23. Following the sale, the insider now owns 10,507,127 shares in the company, valued at approximately $754,306,647.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,585,041 shares of company stock worth $1,110,035,611. 51.55% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Wal-Mart Stores during the third quarter worth approximately $104,000. TrimTabs Asset Management LLC boosted its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the period. Glassman Wealth Services boosted its stake in shares of Wal-Mart Stores by 68.3% in the first quarter. Glassman Wealth Services now owns 1,471 shares of the retailer’s stock worth $106,000 after buying an additional 597 shares during the period. Asset Planning Services Ltd. boosted its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock worth $114,000 after buying an additional 112,511 shares during the period. Hedge funds and other institutional investors own 29.69% of the company’s stock.
Wal-Mart Stores Company Profile
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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